After what appeared was going to be a very good January for the Bowser Microcap Index, the index slid over the past week from a close of 511.60 on January 22 to a close of 501.50 on January 25. The 511.60 close in the middle of the week represented a 2.4% rise since the end of December--up from 499.43 on December 26. While this rise is almost gone, we remain hopeful because a number of stocks in the Microcap Stock Index have been performing well lately--a trend which could continue as the New Year progresses.
We did make one change since our last update. Joe's Jeans (JOEZ) replaced LML Payment Systems (LMLP), which was acquired by Digital River (DRIV)--read about this acquisition here. This change resulted in a shift in the weighting of the Microcap Stock Index, which could have a small part in the 2.0% slide over the past few days.
For more information on the Bowser Microcap Stock Index, purchase our Bowser Database, which is updated monthly and includes details on the weighting of each company. Also, we have a sheet that shows all the changes that we have ever made to the Index available upon request.
The Bowser Report is a monthly financial newsletter that specializes in small stocks trading for $3/share or less. Our goal is to provide the individual investor with relevant information on microcap stocks. Each month, we recommend a new company, provide information on past recommendations and report news surrounding the microcap marketplace.
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Information in this blog post contains references to past Bowser recommendations. This blog post contains no recommendations, and instead relies on data gathered on past recommendations from sources thought to be reliable.
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